Yes, you can use the forex-specific indicators for trading currency futures!
One of the questions we are often asked is whether you can use the currency specific indicators for trading currency futures, and the short answer is yes, and we explain how in the video.
https://youtu.be/-IAw1BJRqts
00:11
Introduction to currency futures and workspace setup
00:11
The speaker explains their transition from spot markets to currency futures to avoid the volatility of spot trading. They describe their workspace setup, using the CSI on a five-minute timeframe and the currency matrix on a ten-minute timeframe. The focus is on futures contracts, specifically the 6A contract, which are larger and more substantial than typical spot market contracts.
00:42
Explanation of futures contract notation and currency pairs
00:42
The segment explains different currency futures contracts, highlighting that the Aussie dollar is represented as 6B, and the pound as 'cable'. It discusses the 6E contract, noting the Canadian dollar is shown unusually as CAD dollar, not dollar CAD, because futures contracts use the dollar as...
Where next for the pound yen currency pair?
In this portion of the US futures trading webclass we move to the spot forex markets and take in the GBP/JPY and see where it is heading based on the current trend.
https://youtu.be/4jPioInlNyg
00:17
Trading the British Pound pairs overview
00:17
The speaker introduces a focus on analyzing the British Pound through two currency pairs: GBP/AUD and GBP/JPY. They emphasize understanding the chart's structure to determine whether the market is trending or in a congestion phase, which guides what actions to take when reading the chart.
00:57
Developing trading tactics and setups
00:57
The speaker discusses developing trading tactics or strategies as part of a program. Traders create specific setups based on chart patterns, such as reversals, with defined parameters that suit their personality and have proven successful. They emphasize the importance of waiting patiently for the right setup and understanding key concepts like price action and volume before making trading decisions.
02:06
Understanding chart structures and price action
02:06
The speaker discusses analyzing chart structure,...
What we are always looking for: divergence!
In this session from the forex trading webclass, Anna explains one of the fundamental principles for trading currencies, which is to identify divergence, which then results in a strong trend.
https://youtu.be/-5ubJ29_EsQ
00:11
Introduction to Pound Aussie and Euro Aussie analysis
00:11
The segment begins with an analysis of the Euro-Aussie currency pair, highlighting a potential reversal forming. The speaker then shifts focus to the Pound-Aussie pair, continuing the previous day's narrative. By isolating the Pound and Aussie currencies using the CSI index, they note that both have generally been selling off. However, because both currencies moved similarly during this timeframe, it led to a congestion phase rather than a clear trend, contrasting with the Euro-Aussie's trend.
01:24
Congestion phase and lack of divergence in Pound Aussie
01:24
The discussion focuses on a lack of divergence in the Pound/Aussie currency pair at the moment, noting that the price is currently congesting around the 80 to 55 levels. Using the three-minute chart, an example of...
Volume or price based support and resistance - here we use both!
Many forex traders are familiar with price based support and resistance but few use volume. In this session from the forex trading webclass you will discover the power of both when used together.
https://youtu.be/jXM8xgVjiB8
00:00
Introduction and disclaimer
00:00
The speaker welcomes everyone to the morning session and apologizes for the delay caused by the necessary disclaimer, which is a mandatory part of every webinar. They acknowledge some distractions due to recent price action in the market and remind viewers that trading involves significant risk.
00:30
Overview of Valen price analysis methodology
00:30
The speaker advises against using money you cannot afford to lose and introduces the Valen price analysis methodology used for market evaluation. This approach combines technical chart analysis with an understanding of fundamental factors and related markets, such as equities and bonds. Success in Forex trading, especially for the long term, requires integrating both chart signals and broader market fundamentals.
01:39
Drivers of Forex price action
01:39
The speaker...
The psychology of trading - do you have the patience?
The tactic of trading reversals takes patience, and something you may not have in abundance. In this example we take a look at the EUR/CAD with the euro heavily overbought and the Canadian dollar equally heavily oversold on the currency strength indicator for NinjaTrader.
https://youtu.be/AQqakclQlq4
00:10
Switching focus to Euro CAD pair
00:10
The speaker switches focus to the Euro CAD currency pair for a specific reason related to previous analysis using multiple CSIs. They compare Euro CAD with Euro Ozzie and mention that similar to the Pound Ozzie, there is congestion and falling trends observed in the Pound Ozzie pair.
00:45
Euro rollover and market selling pressure
00:45
The discussion focuses on the Euro rollover, indicating selling pressure on the Euro in the market. This selling is also impacting the Euro/Australian Dollar pair, showing a downward movement. The speaker questions which currency pair to monitor, noting that pairs involving the Euro often move in the same direction, similar to...
Learn about proxy risk and currency pairs
The AUD/JPY is a proxy risk currency pair which reveals much about sentiment in the broad markets. Discover why.
https://youtu.be/netm9SMQLwo
00:15
Overview of news sources for trading data
00:15
The speaker discusses options for accessing news websites, highlighting both free and paid services. They mention several platforms such as Forex Live, Forex Flow, Investing.com, Reuters, and Bloomberg, noting that paid services like Reuters and Bloomberg can be expensive. They also talk about live news feeds available through some brokerage accounts like MT5 and Interactive Brokers, which offer free live data depending on the platform and the amount of data needed.
01:36
Aussie yen price and volume analysis
01:36
The speaker analyzes the Aussie yen currency pair on Forex, highlighting recent volatility driven by high trading volumes during a market plunge affecting emerging markets broadly. There was initial indecision followed by weakness and a downward move into a low-volume price region. This low volume area on the volume point of control suggests price could...
This was on the radar and something I forecast last week!
The sharp falls yesterday for US equity markets was something I highlighted last week in my market analysis and signalled in several ways, from the VIX, to volume price analysis, and just as important in the forex world. The clues were all there if you knew where to look!
https://youtu.be/66v5Wdzw8PA
00:00
Introduction and trading disclaimer
00:00
The recording begins with a reminder about the risks involved in trading and investing. The speaker emphasizes the importance of only using money one can afford to lose. They also mention the significant market activity observed that day, noting a major sell-off with the Dow experiencing a notable decline.
00:33
Market sell-off and Dow drop
00:33
The speaker discusses market activity, noting that the figure has reached 1,300, which is remarkable but not entirely surprising for regular followers. They reference a post from June 3rd highlighting unusual market behavior, particularly from a volume price analysis (VPA) perspective.
01:09
VPA and market correction signals
01:09
This segment discusses...
And volume price analysis can be applied to currency futures too!
Volume price analysis is a universal methodology and can be applied to any chart in any timeframe. Here we consider currency futures using the Quantum Trading tools and indicators.
https://youtu.be/6PdFj5vQ4Xw
00:13
Overview of currency futures and forex matrices
00:13
The speaker apologizes for briefly switching screens and assures viewers they haven't left. They mention monitoring several financial tools, including minis, currency futures, forex, currency strength, and the currency matrix, to keep an eye on market conditions.
00:47
Explanation of futures contracts for currencies
00:47
The speaker explains various futures contracts for different currencies, starting with the Aussie dollar (6a), British pound (6b), and Canadian dollar (6c). They clarify that the Canadian dollar futures are quoted inversely as CAD/USD, which can be confusing since futures are always referenced against the US dollar as the counter currency. Similar numbers appear across contracts but are not identical unless closing. The speaker then introduces the 6e contract, related to the Euro, and adjusts...
And another to consider is the EUR/AUD after the ECB
Whilst the Aussie dollar has been moving firmly higher for the AUD/USD and AUD/JPY, the EUR/AUD has also seen strong moves lower, but halted by the ECB yesterday.
https://youtu.be/GFSbT_91GWo
00:19
Introduction to ECB press conference importance
00:19
The speaker explains that their mute button had moved unexpectedly and they are focusing on the Euro currency pair due to an important fundamental event. They highlight the significance of the ECB and Christine Lagarde's press conference, emphasizing the importance of linking fundamental news to current forex trading decisions.
01:03
Central bank focus for currency pairs trading
01:03
The speaker emphasizes the importance of understanding the central banks behind the currency pairs traders are working with. This has been a recurring theme on their forex trading Facebook page and is a key recommendation in their trading program. The focus this week is on the significance of central banks in forex trading.
01:36
Key economic events affecting Aussie and Euro
01:36
The speaker discusses the importance of monitoring...
After a dramatic week for the Aussie, where next for the risk currency?
The Australian dollar has had an extraordinary week rampaging higher across the currency complex. So where next for this risk currency?
https://youtu.be/G5HniptvE9A
00:19
Introduction to Liz Ann Sonders and her charts
00:19
The speaker introduces Liz Ann Sonders, a well-regarded analyst formerly with Charles Schwab, known for sharing unique and insightful charts and data on Twitter. They emphasize her value as a source of detailed market analysis before moving on to discuss specific charts.
00:49
Unemployment impact on industries like hospitality and retail
00:49
The discussion highlights the significant unemployment problem affecting multiple industries, particularly hospitality and retail. These sectors rely heavily on labor-intensive jobs that are generally low-paid, which has broad societal and market implications. The focus is on how these industries, especially accommodation and food services, are impacted by the current economic challenges.
01:59
Shift to online shopping and market changes
01:59
The speaker discusses the current state of various industries such as airlines, cruise liners, and retail, highlighting...
